Fed's Hammack leans against more rate cuts because of high inflation
Yahoo Finance·2025-11-07 01:02
By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. "I remain concerned about high inflation and believe policy should be leaning against it," Hammack said in the text of a speech to be delivered to an Economic Club of New York event. "After last week's meeting, I see monetary policy as barely restrictive, if at all, and it's not obvious to me that mo ...